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20121201
20121201
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out of the way. it's laissez-faire capitalism. but china is a communist country but it's also a capital country, just a different definition of capitalism, and singapore, where there's a strong collaboration between the government and the market, you have a different form of capitalism. places like brazil and india where there's a big social agenda, you have a different form. anyone europe, southern europe, northern europe, different forms, but in northern europe, the informed capitalism, where the government believes in strong social safety net, believes in paying for health care, believes in playing a role in determining what businesses grow or fail, and they're creating more jobs than we are. so we have to be careful when we, as we sometimes do in the united states, get up on our high horse and say we understand capitalism. actually what's going on in the world is a competition between different versions, and if our version produces more inequality, produces less growth, it's -- is seen as less fair and others are seep as more fair and producing growth, who do you think is
30 million people out of poverty. when china joined they brought about 300 million people out poverty. that's been a big story. chinese savings in the world financial market were a part what drove the most recent about new welt wealth in the world. as brilliant a man as allen green span was unable to grasp the reality of our historical moment. it was in part due to that failure that somatic errorrers were made that lead to the meltdown in-housing crisis. in inadequate response, policy to what was really a change in financial market due to growth elsewhere in the world. in the next twenty to thirty years, 3 billion people are joining the global economy. it's going to be a transformation ten times what we have seen which was ten times what happened in japan. now if 3 billion people are suddenly given cognitive freedom, suddenly not thinking just moment to moment, day-to-day, in a existence but are creators, are collaborators, are new contributors, human beings are not just consumers. they are producers. and that's what this is about. it's the possibility that are created when that happe
minister. >>> leaders in japan and china are engaged in a dispute over islands in the east china sea. lawmakers in the united states have made a decision that may encourage the japanese. they've affirmed that the security treaty between the u.s. and japan covered the disputed islands. senators unanimously approved a legal amendment to reaffirm the u.s. commitment to japan. the amendment says the east china sea a vitally important to all nations in the asia pacific region. recognize that japan administer the senkaku islands. it says no action by a third party would effect their recognition and u.s. forces would protect territories under japan's administration. >>> satellite images show north korea could be preparing to launch another rocket. researchers at john hopkins university in the united states say they've observed the first two stages of what appears to be a long range missile. these images of the launch site on the west coast of north korea were captured on monday. researchers say they carry stages of a rocket. the orientation of the crane on the site was different than three
Search Results 0 to 2 of about 3